"The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to its muscular use of sanctions," says CEO and co-CIO of Eurizon SLJ Capital.
"I used to trust the EU because it has always played an important role as a balancing force and has never directly participated in wars," President Lula said. "However, the EU is directly involved in this conflict."
"There is risk when we use financial sanctions that are linked to the role of the dollar that over time it could undermine the hegemony of the dollar," Yellen said, adding that implementing sanctions against Russia "does create a desire on the part of China, of Russia, of Iran to find an alternative."
China and Brazil have signed a deal to trade in their own currencies, bypassing the U.S. dollar as an intermediary, to reduce costs and promote bilateral trade.
Pope Francis has raised the possibility of reconsidering the celibacy requirement for Catholic priests, stating that it is a "temporary prescription" and could be relaxed, although he did not believe it would encourage more men to consider a clerical vocation.
